Datalogic SpA Correlations
| DT8A Stock | EUR 4.56 0.28 5.79% |
The current 90-days correlation between Datalogic SpA and Sixt Leasing SE is -0.02 (i.e., Good diversification). The correlation of Datalogic SpA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Datalogic SpA Correlation With Market
Significant diversification
The correlation between Datalogic SpA and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Datalogic SpA and DJI in the same portfolio, assuming nothing else is changed.
Datalogic |
The ability to find closely correlated positions to Datalogic SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Datalogic SpA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Datalogic SpA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Datalogic SpA to buy it.
Moving together with Datalogic Stock
Moving against Datalogic Stock
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| 0.72 | FHL | Federal Home Loan | PairCorr |
| 0.61 | ZEG | ASTRAZENECA | PairCorr |
| 0.59 | 6C2 | Corsair Gaming | PairCorr |
| 0.59 | 2CS | China Silver Group | PairCorr |
| 0.59 | LBL | KAROON GAS AUST | PairCorr |
| 0.56 | LLD2 | Lloyds Banking Group | PairCorr |
| 0.47 | G8G | GREATLAND GOLD PLC | PairCorr |
| 0.38 | MUB | Mühlbauer Holding | PairCorr |
| 0.37 | TKDA | Takeda Pharmaceutical | PairCorr |
| 0.37 | NAH | Natural Health Trends | PairCorr |
| 0.36 | LL6 | MTN GROUP | PairCorr |
| 0.67 | VOW | Volkswagen AG | PairCorr |
| 0.67 | KEH | CHINESE PEOPLE HLDG | PairCorr |
| 0.64 | VOWA | VOLKSWAGEN ADR 110ON | PairCorr |
| 0.63 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.62 | E908 | Lyxor 1 | PairCorr |
| 0.58 | NOAA | Nokia | PairCorr |
| 0.57 | BSX | BOSTON SCIENTIFIC | PairCorr |
| 0.55 | ENI | Eni SpA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Datalogic Stock performing well and Datalogic SpA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Datalogic SpA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LNSX | 1.16 | 0.09 | 0.05 | 0.35 | 1.64 | 2.70 | 13.85 | |||
| 4VGA | 1.28 | (0.05) | 0.00 | (0.50) | 0.00 | 2.70 | 11.14 | |||
| 1IZ1 | 1.38 | 0.01 | 0.00 | (0.05) | 0.00 | 2.53 | 9.05 | |||
| LDD | 3.33 | (0.59) | 0.00 | 3.19 | 0.00 | 8.05 | 29.16 | |||
| 18LB | 1.31 | 0.12 | 0.10 | 0.36 | 1.51 | 2.71 | 7.75 | |||
| GLJ | 1.71 | (0.08) | 0.00 | (0.23) | 0.00 | 3.70 | 22.89 | |||
| UR3 | 1.68 | (0.37) | 0.00 | (1.33) | 0.00 | 3.49 | 10.67 | |||
| 37H | 1.28 | 0.04 | 0.07 | (0.87) | 1.47 | 3.00 | 10.04 |
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Our tools can tell you how much better you can do entering a position in Datalogic SpA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Datalogic SpA Corporate Management
Elected by the shareholders, the Datalogic SpA's board of directors comprises two types of representatives: Datalogic SpA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Datalogic. The board's role is to monitor Datalogic SpA's management team and ensure that shareholders' interests are well served. Datalogic SpA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Datalogic SpA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Valentina Volta | CEO Director | Profile | |
| Romano Volta | Founder Chairman | Profile | |
| Marco Carnovale | Global Director | Profile | |
| Alessandro DAniello | Group Relator | Profile |